BrokerageIndustry News

Idaho Realtors back minimum-service bill

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The Idaho Association of Realtors has introduced legislation, similar to measures proposed and passed in other states that have drawn fire from federal agencies, to mandate a higher level of real estate service. Legislation proposed by the Realtor association requires real estate brokerages to be available to receive and present all offers and counteroffers to their customers, whether or not their customers want those services. The bill is opposed by at least two real estate companies that offer low-cost, reduced-service options for consumers in Idaho. The Idaho House of Representatives last week passed House Bill 135 in a 64-0 vote, with six members absent. And the bill was introduced to the state Senate on Monday. The bill provides that real estate brokerages "have the obligation to be available to the customer to receive and timely present all written offers and counteroffers" in any compensation agreement, which targets companies that offer to list a home in a multiple listing serv...